Office Properties (NASDAQ: OPI) holder sells 196K shares in open market

Rhea-AI Filing Summary

OFFICE PROPERTIES INCOME TRUST (OPI) had indirect shareholders associated with Redwood Capital Management report open-market sales of its common shares. On 2026-08-17 and 2026-08-18, funds managed by Redwood Capital Management sold an aggregate 196,420 common shares at weighted average prices around $19.03 per share, in multiple trades within disclosed price ranges. The shares are held by certain investment funds for which Redwood Capital Management serves as investment manager; related entities and Ruben Kliksberg may be deemed beneficial owners only to the extent of any pecuniary interest and each disclaims broader beneficial ownership. The transactions were not reported as effected under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Seller: 196,420 shares

Net Sell 2 txns

Insider REDWOOD CAPITAL MANAGEMENT, LLC, Redwood Capital Management Holdings, LP, Double Twins K, LLC, KLIKSBERG RUBEN

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 196,420 shs ($3.74M)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest F4, F2, F3	175,734	$19.0324	$3.34M
Sale	Common Shares of Beneficial Interest F1, F2, F3	20,686	$19.026	$394K

Holdings After Transaction: Common Shares of Beneficial Interest — 3,961,992 shares (Indirect, See footnote)

Footnotes (4)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.00 - $19.20. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote to this Form 4.
2. F2. This Form 4 is being filed jointly by Redwood Capital Management, LLC, a Delaware limited liability company ("Redwood Capital Management"), Redwood Capital Management Holdings, LP, a Delaware limited partnership ("Redwood Capital Management Holdings"), Double Twins K, LLC, a Delaware limited liability company ("Double Twins K"), and Ruben Kliksberg, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). The business address of each Reporting Person is 250 West 55th St., 26th Floor, New York, NY 10019.
3. F3. The Subject Securities are directly held by certain funds (the "Redwood Funds") for which Redwood Capital Management serves as the investment manager. Each of (a) Redwood Capital Management, as the investment manager to the Redwood Funds with respect to the Subject Securities directly held by the Redwood Funds, (b) Redwood Capital Management Holdings, as the sole member of Redwood Capital Management, (c) Double Twins K, as the general partner of Redwood Capital Management Holdings, and (d) Mr. Kliksberg, as the managing member of Double Twins K, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. Each Reporting Person disclaims any beneficial ownership of the Subject Securities, except to the extent of any pecuniary interest therein.
4. F4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.00 - $19.30. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission the SEC, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote to this Form 4.

Key Figures

Shares sold 2026-08-17: 20,686 shares Shares sold 2026-08-18: 175,734 shares Total shares sold: 196,420 shares +2 more

5 metrics

Shares sold 2026-08-17 20,686 shares Indirect sale of Common Shares of Beneficial Interest at weighted average $19.0260 per share

Shares sold 2026-08-18 175,734 shares Indirect sale of Common Shares of Beneficial Interest at weighted average $19.0324 per share

Total shares sold 196,420 shares Aggregate of the two reported indirect open-market sales

Price range 2026-08-17 $19.00–$19.20 per share Range of individual trade prices for weighted average $19.0260 sale

Price range 2026-08-18 $19.00–$19.30 per share Range of individual trade prices for weighted average $19.0324 sale

Key Terms

weighted average price, pecuniary interest, beneficial owner, Rule 16a-1(a)

4 terms

weighted average price financial

"The price reported is a weighted average price. These shares were sold"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

pecuniary interest financial

"each of whom may be deemed to have a pecuniary interest in securities"

beneficial owner regulatory

"may be deemed to be the beneficial owner of the Subject Securities"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Rule 16a-1(a) regulatory

"beneficial owner of the Subject Securities for purposes of Rule 16a-1(a)"

FAQ

What insider transactions were reported for OPI by Redwood Capital Management entities?

Funds managed by Redwood Capital Management reported selling 196,420 OPI common shares on 2026-08-17 and 2026-08-18. The sales were open-market transactions executed at weighted average prices around $19.03 per share across multiple trades within stated price ranges.

At what prices were the recent OPI insider share sales executed?

The reported OPI share sales occurred at weighted average prices of $19.0260 and $19.0324 per share. Individual trades were executed in ranges of $19.00–$19.20 and $19.00–$19.30, with full breakdowns available on request from the reporting persons.

How many OPI shares did Redwood-related funds sell on each transaction date?

On 2026-08-17, funds managed by Redwood Capital Management sold 20,686 OPI common shares. On 2026-08-18, they sold an additional 175,734 shares. Together, these Form 4 transactions reflect total net reported sales of 196,420 shares of OPI.

Who are the reporting persons in the latest OPI Form 4 filing?

The reporting persons are Redwood Capital Management, LLC, Redwood Capital Management Holdings, LP, Double Twins K, LLC, and Ruben Kliksberg. They report interests through funds holding OPI shares and may be deemed beneficial owners only to the extent of any pecuniary interest.

Are the OPI insider sales linked to a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as relying on a trading plan, indicating these OPI share sales were not reported as made under a Rule 10b5-1 arrangement. The footnotes describe pricing details and ownership structure, but do not reference a trading plan.

Do the individual reporting persons claim full beneficial ownership of the OPI shares?

No. The filing states that each reporting person disclaims beneficial ownership of the OPI shares, except to the extent of any pecuniary interest. The shares are directly held by certain investment funds for which Redwood Capital Management acts as investment manager.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 09:14 PM Accepted by SEC EDGAR 08/19/2026 - 09:14 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

REDWOOD CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)

250 WEST 55TH ST.

26TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OFFICE PROPERTIES INCOME TRUST [ OPI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	08/17/2026		S		20,686	D	$19.026(1)	4,137,726	I	See footnote(2)(3)
Common Shares of Beneficial Interest	08/18/2026		S		175,734	D	$19.0324(4)	3,961,992	I	See footnote(2)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

REDWOOD CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)

250 WEST 55TH ST.

26TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Redwood Capital Management Holdings, LP

(Last) (First) (Middle)

250 WEST 55TH STREET

26TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Double Twins K, LLC

(Last) (First) (Middle)

250 W 55TH STREET

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

KLIKSBERG RUBEN

(Last) (First) (Middle)

C/O REDWOOD CAPITAL MANAGEMENT, LLC

250 WEST 55TH STREET, 26TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.00 - $19.20. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote to this Form 4.

2. This Form 4 is being filed jointly by Redwood Capital Management, LLC, a Delaware limited liability company ("Redwood Capital Management"), Redwood Capital Management Holdings, LP, a Delaware limited partnership ("Redwood Capital Management Holdings"), Double Twins K, LLC, a Delaware limited liability company ("Double Twins K"), and Ruben Kliksberg, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). The business address of each Reporting Person is 250 West 55th St., 26th Floor, New York, NY 10019.

3. The Subject Securities are directly held by certain funds (the "Redwood Funds") for which Redwood Capital Management serves as the investment manager. Each of (a) Redwood Capital Management, as the investment manager to the Redwood Funds with respect to the Subject Securities directly held by the Redwood Funds, (b) Redwood Capital Management Holdings, as the sole member of Redwood Capital Management, (c) Double Twins K, as the general partner of Redwood Capital Management Holdings, and (d) Mr. Kliksberg, as the managing member of Double Twins K, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. Each Reporting Person disclaims any beneficial ownership of the Subject Securities, except to the extent of any pecuniary interest therein.

4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.00 - $19.30. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission the SEC, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote to this Form 4.

	Redwood Capital Management, LLC, By: /s/ Redwood Capital Management Holdings, LP, its sole member, By: Double Twins K, LLC, its general partner, By: /s/ Ruben Kliksberg, its Managing Member	08/19/2026
	Redwood Capital Management Holdings, LP, By: Double Twins K, LLC, its general partner, By: /s/ Ruben Kliksberg, its Managing Member	08/19/2026
	Double Twins K, LLC, By: /s/ Ruben Kliksberg, its Managing Member	08/19/2026
	/s/ Ruben Kliksberg	08/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)